Home prices were up in 2023 but what does that mean for 2024?

Serving Families across San Diego County since 2014 Did we end 2023 at new all time highs? In 2022, the average home price was $1,249,893, and the average condo was $740,694; however, in 2023, they were $1,291,119 and $766,435, both showing a growth of over 3% in a year. The number of total sales is down over 20% in both condos and single-family homes. With fewer homes on the market, buyers were forced to compete over the few houses, the main reason for the 3% increase over the last year. We are already beginning to see the start of the rush 2024 will bring. In less than a week, my team went from 3 inbound leads a day to 13, or a 333% increase in new buyers entering the market. On average, these leads will take 60-90 days to convert, meaning April and May will be the start of the 2024 uptick. And let me tell you, we are busy putting deals together right now. I am happy to help you if you want to buy or sell soon. If nothing else, reach out anytime for advice or lunch. See more detailed statistics here Read my Reviews Looking to buy or sell? Let's pinpoint your best strategy and make a move. See all of my listings here Thank you for your time today. I look forward to working with you now or in the future. 3825 32nd St San Diego, CA 92104 Update Profile Sent by zacha@porchlightsocal.com powered by Try email marketing for free today! THIS IS A TEST EMAIL ONLY.